Four years after rejecting a program to track terrorist financing over budgetary and data privacy concerns, the European Union is reconsidering the project following a string of deadly attacks in the United Kingdom and throughout the 28-nation bloc.
G-7 finance ministers on Friday weighed measures to tackle the financing of terrorism, including steps to streamline asset freezes and clamp down on grassroots donations to extremist groups.
Two of Europe's powerhouse economies are expected to push for tougher controls to stamp out terrorist financing this month in reaction to a spate of attacks on the continent.
The European Commission will reapprove a controversial agreement to share data on terrorist financing with the United States despite criticism from EU lawmakers, according to an individual with direct knowledge of the matter.
EU lawmakers will discuss controversies later this month surrounding an agreement to share data on terrorist financing with the United States after parliamentarians Thursday called aspects of the deal "unjust."
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